Florida legislation · 2026 Regular Session
Florida H1257: Tax/Documentary Stamp Tax to Fund Down Payment Assistance
Status: Failed, January 9, 2026
Creates additional documentary stamp tax in specified amount on residential property purchased by person who already owns certain number of residential properties; creates First-time Homebuyer Assistance Program within Department of Commerce; provides purpose & eligibility for such program; provides maximum amount of assistance that may be provided; provides that funding comes from specified tax revenue.
What the bill says
An act relating to documentary stamp tax to fund down payment assistance; creating s. 201.0202, F.S.; creating an additional documentary stamp tax in a specified amount on residential property purchased by a purchaser who already owns a certain number of residential properties; requiring the tax to be collected, transferred, and used in a certain manner; providing an effective date.
From the introduced text, January 8, 2026:
An act relating to documentary stamp tax to fund down payment assistance; creating s. 201.0202, F.S.; creating an additional documentary stamp tax in a specified amount on residential property purchased by a purchaser who already owns a certain number of residential properties; requiring the tax to be collected, transferred, and used in a certain manner; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 201.0202, Florida Statutes, is created to read: 201.0202 Documentary stamp tax on additional property.— (1)(a) Except as provided in paragraph (b), on any residential property transaction subject to the tax imposed by s. 201.02(1), there shall be an additional tax of $50,000 if the purchaser already owns 15 residential properties in this state. (b) A not-for-profit corporation purchasing residential housing for the purpose of providing affordable housing is not required to pay the tax in this section unless they already own residential properties in this state. (2) Notwithstanding any other law, the tax shall be collected at the same time and in the same manner as the tax HB 1257 2026 CODING: Words stricken are deletions; words underlined are additions. hb1257-00 Page 2 of FLORIDAHOUSEOFREPRESENTATIVES under s. 201.02 and shall be transferred to the Department of Revenue and used to provide down payment assistance grants to first-time …
Sponsors
- Nixon, Angie (D, HD-013) · primary sponsor
- Nixon (D, 13) · primary sponsor
Latest actions
- : Withdrawn prior to introduction
- : Filed
Common questions
- What is H1257?
- H1257 is a bill in the Florida Legislature (2026 Regular Session): Tax/Documentary Stamp Tax to Fund Down Payment Assistance.
- What does H1257 do?
- In its own words: An act relating to documentary stamp tax to fund down payment assistance; creating s. 201.0202, F.S.; creating an additional documentary stamp tax in a specified amount on residential property purchased by a purchaser who already owns a certain number of residential properties; requiring the tax to be collected, transferred, and used in a certain manner; providing an effective date.
- What is the status of H1257?
- Failed as of January 9, 2026. Latest action: Withdrawn prior to introduction (January 9, 2026).
- Who sponsored H1257?
- Nixon, Angie (D, HD-013), with 1 co-sponsor.
- Where is the official record for H1257?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1257
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.